Would you buy a rental property you've never seen?
Investors are betting on it. HomeUnion, a company that aims to make buying single-family rental homes as easy as buying and selling stocks, has raised an additional $16 million in a Series B funding round, bringing its total funding to $23 million.
HomeUnion finds properties it thinks will yield generous returns as single-family rentals, lets investors buy those properties from afar with the option to use financing facilitated by HomeUnion and handles rent collection and upkeep on investors’ behalf.
The company previously said that it employed salaried real estate agents to find and bid on properties. Asked through email how many agents HomeUnion employs, the firm only said that, "we have boots on the ground in every ...